Biggest Solar Companies 2023

The top three solar firms on the list of the top ten are JKS, CSIQ, and FSLR.

As the signs of climate change grow clearer, governments, businesses, and individual consumers are increasingly looking for alternative and sustainable forms of energy beyond those that are dependent on fossil fuels. These sources of energy include solar, wind, and geothermal power.

The fact that solar energy and other forms of alternative energy leave behind a far smaller footprint on the environment is the fundamental benefit that they have over traditional forms of energy that rely on fossil fuels.

This is in spite of the fact that solar power and other forms of alternative energy often have a higher upfront cost or need more complicated production processes.

Businesses who are attempting to profit on the ever-increasing demand for solar energy have met with a great deal of success, although of varying degrees of achievement.

The following is a ranking of the top ten solar companies in terms of their total sales over the last twelve months (TTM).

This list is often constrained such that it only includes firms that are regularly traded on the public markets of the United States or Canada, either directly or via the use of ADRs. These markets may be found in any country.

However, a significant component of the solar business is based outside of those countries and is publicly listed in those countries; as a result, excluding a large number of enterprises would not fairly represent the solar industry.

The American depositary receipts (ADRs) of the four companies on our list are not advised for purchase because of the minimal amount of trading that occurs in each of those markets.

The four businesses under concern today are SMA Solar Technology AG, GCL-Poly Energy Holdings Ltd. (GCPEF), Xinyi Solar Holdings Ltd. (968), and Yingli Green Energy Holding Co. Ltd. (YGEHY) (S92).

There is a chance that some multinational corporations only report on a semiannual basis, which would result in even longer lag times.

The overwhelming majority of the statistics were compiled by YCharts, and their most recent update was on September 11, 2020. The only exceptions to this rule are the numbers that were specifically designated as originating from other sources.

The equities below are traded OTC in the U.S. OTC stock trading costs more than exchange trading. This may reduce or negate results.

Click below to read full list:

Canadian Solar Inc. (CSIQ)

Revenue (TTM): $3.2 billion
Net Income (TTM): $257.3 million
Market Cap: $1.6 billion
Return on Investment Over the Past Year: 30.5%
Exchange: NASDAQ

Canadian Solar Inc. develops and distributes residential, commercial, and industrial solar modules. The solar modules, inverters, and system kits that the firm sells are its various goods.

Holding Company of JinkoSolar, Ltd. (JKS)

Revenue (TTM): $4.6 billion
Net Income (TTM): $163.1 million
Market Cap: $909.9 million
Return on Investment Over the Past Year: 6.9%
The New York Stock Exchange is the name of the exchange.

JinkoSolar is a Chinese conglomerate that manufactures solar panels, modules, and other solar energy components.

It is one of the leading manufacturers of solar panels in the world as measured in gigawatts (GW) delivered.

Customers come from all over the world, including China, the United States of America, Europe, the Middle East, and South America.The company First Solar Inc. (FSLR)

Revenue (TTM): $3.1 billion
Net Income (TTM): $98.8 million
Market Cap: $7.4 billion
Return on Investment Over the Past Year: 12.0%
Exchange: NASDAQ

First Solar is a company that sells solar panels, photovoltaic power plants, and a variety of services associated with these goods, including the building, maintenance, and recycling of these items.

In order to improve the effectiveness of its solar modules while also making them more environmentally friendly, the business uses a thin-film semiconductor technology.

The SunPower Corporation (SPWR)

Revenue (TTM): $1.9 billion
Net Income (TTM): $8.4 million
Market Cap: $1.8 billion
Return on Investment Over the Past Year: 32.5%
Exchange: NASDAQ

SunPower develops and manufactures photovoltaic cells made of silicon as well as other solar-related materials. Customers from all around the globe may purchase solar power items from this firm, as well as services directly related to those goods.

Founded in 2001, SolarEdge Technologies Inc. (SEDG)

Revenue (TTM): $1.6 billion
Annualized Net Profit of 173.3 Million Dollars
Market Cap: $9.4 billion
Return on Investment Over the Past Year: 148.9%
Exchange: NASDAQ

SolarEdge Technologies is in the business of manufacturing and distributing solar array equipment and technologies. In addition to offering monitoring solutions and optimization services for solar systems, the firm also offers optimization services. Monitoring devices, optimizers, and inverters are all examples of the items that SolarEdge offers. Israel is home to the company’s headquarters.

Xinyi Solar Holdings Ltd. (968)

Revenue (TTM): $1.2 billion
The company’s year-to-date net income was $368.5 million.
Market Cap: $10.5 billion
Return on Investment Over the Past Year: 92.1%

Exchange: Hong Kong Stock Exchange

Solar glass is produced by the Chinese company Xinyi Solar Holdings. The firm is involved in research and development, manufacture, technical sales, and other services of a similar kind. Xinyi is a holding corporation that serves consumers all over the globe by distributing its various goods and services via its subsidiaries.

Holding Company of Yingli Green Energy, Ltd. (YGEHY)

Twelve months’ worth of sales: $1.2 billion
The company’s year-to-date loss was $496.1 million.
Market Cap: $2.4 million
-22.1% is the trailing total return over the last year.

Exchange: OTC

Yingli Green Energy Holding Co. is a holding company that, via its subsidiaries, engages in research, develops, constructs, and sells solar modules. Yingli Green Energy Holding Co. China is home to the company’s headquarters.

The SMA Solar Technology AG company (S92)

Twelve months’ worth of sales: $1.2 billion
Net Income (TTM): $9.2 million
Market Cap: $1.5 billion
Return on Investment Over the Past Year: 55.3%

Exchange: Xetra

The solar energy equipment that is manufactured by the German business SMA Solar Technology includes solar inverters and alternating current converters, amongst other pieces of solar energy machinery. Customers come from all over the globe to do business with the firm.

Atlantica Sustainable Infrastructure PLC (AY)

Revenue (TTM): $972.4 million
$17.0 million in Net Income Year-to-Date
Market Cap: $2.8 billion
Return on Investment Over the Past Year: 20.4%
Exchange: NASDAQ

In addition to providing transportation and transmission systems for a range of different types of power sources, Atlantica Sustainable Infrastructure also distributes items related to solar power. Additionally, Atlantica owns and operates natural gas resources in its portfolio.